Cryptocurrency Price Prediction

Terra Price Prediction 2022: Will LUNA Fight Back The Bears?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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May 11, 2022

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The cryptosphere has been in turmoil over the past few days. The industry is engulfed with talks around Terra (LUNA) and its price projection. The digital asset has lost a number of its crucial supports and seems unstoppable. The peg-depeg event of UST, and it losing its stability has thwarted the price action of LUNA. With the persisting uncertainty, we would have to wait until the dark clouds recede back.

Overview

Cryptocurrency Terra
Token LUNA
Price$ 0.0001
Market cap$ 768,841,921.0000
Circulating Supply 0.0000
Trading Volume $ 83,987,735.0000
All time high$ 119.1800 Apr 5, 2022
All time low$ 0.0000 May 13, 2022

LUNA Price Projection For May Of 2022

 As seen on the daily time frame, LUNA’s price has been ranging along with the ascending pattern. And has faced rejections at its crucial levels around $97. The altcoin at the time of press is changing hands at $80.36. If the digital asset seeks impetus from a possible spike in volumes, the price could surge to hit $96.54

 Where it could find some rejections, as has been the case historically. Surpassing the levels could open the doors to the $103.98 mark. On the flip side, ebbing volumes and an increase in selling pressures could bring the price down to $76.32

LUNA Price Prediction For 2022

Potential LowAverage PricePotential High
$118.35$145.7$189.36

LUNA price had made its way to the current year with a price tag of $91.47. The price of the digital asset took a slide to $62.87 over the week, on the 8th of January. Whilst the altcoin did attempt a 38.16% rebound over the next week. 

LUNA’s price faced its first lowest level of the year, as the price took a dip to $43.28. Which was on the 31st of January. After a brief period of consolidation amidst torrential torments in the business. The price has been escalating since the 22nd of February and is presently up an astonishing 118.23%.

Bullish case: If the price of LUNA continues to ride with the bulls. We can expect the price to brush $161.9 in the second quarter of the year. As it would also receive impetus coming from a plausible alt season.

Bearish case: If the sentiments of investors and traders fall prey to negativity and bearish trends. LUNA’s price could take a 36% plunge from current levels to close the second quarter at $78.32.

Successively, we can anticipate significant fluctuations in the price projections of LUNA over the year. On a bullish note, the price of the altcoin could claim $189.36 by the end of the year. In contrast, negative sentiments such as the UST de-peg event could leave the price at $118.35. That said, $145.7 would be a feasible average price.

LUNA Price Prediction For 2023

 If Terra witnesses a steady spike in the rate of its adoptions, collaborations, and utility. The price of LUNA could end the annual trade at $256.65. On the flip side, bearish trends could settle LUNA with a price tag of $131.93.

LUNA Price Prediction For The Next 5 Years

The fundamental analysis becomes vital when forecasting the price of Terra in the long term. As things on the higher time frame get susceptible to changes. The native token LUNA has certain industry advantages. Its autonomous nature makes the digital economy perfect.

The LUNA network offers competitive programmable payment, logistics, and storage to ease Dapp and stable coin rise. This can attract more investors and may propel the price to $498.26 by the end of the next five years. In case, if the market collapses, the price may plunge to around $316.44.

YearPotential LowPotential High
2023$131.93$256.65
2026$316.44$498.26

LUNA Market Prediction

Wallet Investor:

Wallet Investor’s forecast expects LUNA price to close the second quarter trade with an average price tag of $105.015. The firm pins minimum and maximum targets at $97.243 and $113.068 respectively. Wallet Investor predicts the digital asset to close the annual trade with a regular price of $165.011.

Digital Coin Price:

The crypto prediction website has reupdated its price prediction for LUNA. They expect the price to close its trade in 2022 at a regular price of $133.55. Digital Coin Price forecasts the average price target for 2025 at $197.68. The firm pins minimum and maximum targets at $176.09 and $216.44.

Trading Beasts:

The platform expects the LUNA price to reach a decent price level of $111.584 by the end of 2022. The website predicts that the digital asset’s price will claim an average price of 133.087 by the end of 2025. The firm anticipates the minimum and maximum levels at $113.124 and $166.359 respectively.

Gov.Capital:

According to Gov.Capital, expects that the price will boom up to $114.280 by the end of 2022. That said, the firm pins a bullish outlook on the higher time frame. It expects the LUNA price to end 2025’s trade with an average price tag of $559.632.

What is Terra (LUNA)?

Terra (LUNA) is a blockchain protocol launched in 2018 by Daniel Shin and Do Kwon. The digital asset was created with a vision to adjust the modern economy’s flexibility. As per the whitepaper, Terra employs a price stabilization algorithm. That constantly balances the supply of a coin, with an aim to keep the prices stable. 

The Terra network offers lower fees, high scalability, stability, and reliable financial assets. The protocol’s native asset is LUNA, which addresses a host of issues related to speed, scalability and accessibility.

Fundamental Analysis

 Terra intends to set itself apart, with the help of its fiat-pegged stable coins. As it clubs the benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. The protocol holds a number of partnerships with payment platforms, which justify its strengths.

Conversely, Terra is also supported by Tera Alliance. In February of 2019, the company had reported that e-commerce platforms from 10 different countries, with a user base of 45 M. And a gross commodities value of $25 B were members of the alliance. In contrast, the network now boasts $19.55 Billion in TVL. Terra now stands second to Ethereum, with a market share of 11.31%.

Our Terra (LUNA) Predictions

The constant upgrades and partnerships will give a massive boost to the price of Terra (LUNA). With recent network upgrades, the price is rising extremely positively. According to Coinpedia’s formulated Terra price prediction. With bullish market sentiments, LUNA’s price may skyrocket to $178.68 by the end of the year 2022.

On the downside, future market fluctuation and increased competition may adversely affect Terra’s  (LUNA) price. As a result of which the digital asset could collapse to $112.35.

Historic Market Sentiments

2019:

Terra (LUNA) entered the market in the month of April 2019 with an ICO of $0.8. Initially, the price was hovering at the same price till the end of June. As a result of Coin’s partnership with Chai, the price spiked to an all-time high of $1.3133 by the end of July.

Further, the coin failed to consolidate around the same price, which dramatically reduced to $0.2588 by the end of the year.

2020:

The price started the year with a low price of $0.231, the coin lingered at the same price for around six months with no upgrades. 

A result of the security upgrade and being listed on the Huobi exchange in the month of July resulted in a decent surge of the price to $0.5642. But again the price struggled to sustain above that level till the month of December.
In the month of December, Terra launched the Mirror protocol, which allows traders to issue synthetic assets. This launch gave an immense boost to the coin’s price, which hit $0.6525 by the year-end.

2021:

The year 2021 was extremely positive for Terra, as the coin started its bullish rally from the very first day. With a trading value of $0.6494, Terra resumed its run in January. By the mid of march, the price of the coin surpassed $21, as a result of the success of the Anchor protocol launch. Then, woefully plunged back to $13 as bears overtook the market in the month of April.

In the month of May, as a result of the market collapse, Terra prices slumped by 70% causing the cryptocurrency to tank as low as $4. Then the price hovered around $6 till the month of July.  Terra registered a new all-time high at $33.12 on the 19th of August, amidst increasing bullish sentiment and powered partly by a boosted supply of UST and Terra network upgrades.

The LUNA price has seen exponential growth post the commencement of Q4. It has successfully generated consequent higher lows with incredible gains over the past three months. However, the price has managed to undergo subsequent retests at $27.5, $35.6, and $41.69 respectively.

A sharp break out at $40.05 has skyrocketed the price to a new ATH of $60.07 on December 1st, 2021. On 24th December 2021, the LUNA spiked to an ATH of $101.27. The digital asset had closed the annual trade at $90.97.

To learn about the price prediction of Ethereum for 2022 and beyond click here!

FAQ

Q: Where can I buy Terra (LUNA)?

A: The altcoin is listed on prominent cryptocurrency exchange platforms like Binance, Okex, Bittrex, amongst others. 

Q: Is Terra (LUNA) a profitable investment?

A: Terra (LUNA) has registered praiseworthy gains in the recent past and is expected to continue, provided things remain in its favour. The YTD returns of LUNA is 459.8%.

Q: How high will LUNA price go by the end of 2022?

A: LUNA price could reach an average price of $142.7 by the end of 2022.

Q: Will LUNA price close 2023 trade with a price tag of $200?

A: LUNA price could end the 2023 trade with a price tag of $256.65.

Q: How far can LUNA go by the end of the next 5 years?

A: The digital asset could brush highs of $498.26 by the end of the next 5 years.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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